Rosneft Scores Stake In Exxon's Gulf Of Mexico Ops

Law360, New York (March 7, 2013, 5:08 PM EST) -- A unit of Rosneft OAO bought a 30 percent stake in Exxon Mobil Corp.'s undeveloped Gulf of Mexico assets, building on an agreement the companies inked two years ago to share expertise as they crack into new resource stores, the pair said Wednesday.

The firms did not disclose the financial terms of the deal, which give the Russian energy titan a piece of 20 deepwater blocks covering more than 111,000 acres in the western and central swaths of the Gulf of Mexico. Water depths range from...
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